The latest report by MarkNtel Advisors, titled “Powder Coatings Market” Size study report 2023-28 provides an in-depth examination of revenue growth, market definition, segmentation, industry potential, and influential trends to help comprehend the market’s future outlook and existing prospects. Powder Coatings Market Share, Size, and Industry Analysis. By Resin Type (Eopxy Acrylic, Polyurethane, Polyester, Polyvinyl Chloride, Others) By Method of Coating (Electrostatic Spray Deposition [ESD], Fluidized bed, Others), By Application (Architectural, Furniture, Automotive, General Industrial, Appliances, Others), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific). The Global Powder Coatings market is anticipated to grow at a CAGR of around 5.27% during the forecast period, i.e., 2023-28.
Key Highlights of the Market Report:
- Detailed overview of the market share
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Powder Coatings Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
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Global Powder Coatings Market Key Driver:
Transition of the Automotive Industry Towards Sustainability – The global inclination towards the adoption of clean & green solutions in the aftermath of climate change has been resulting in the growth of the electronic vehicle industry worldwide. Different countries, such as Germany, Brazil, India, etc., have been constantly engaged in building up their capabilities to manufacture electric vehicles. These countries are also taking several initiatives, like financial incentives, tax credits, etc., to raise the adoption rate of such vehicles to reduce the carbon footprint of their countries. Hence, this, combined with the rise in the percentage of environmentally responsible consumers, is pushing the growth of the automotive industry.
Further, continuous technological advancements in the automotive industry to explore different technologies such as lithium batteries, ethanol-blended fuel, and others, as well as the integration of such vehicles with other advanced technologies like renewable energy, would lead to the growth of the automotive industry, thus influencing the demand in the market during the forthcoming period.
Powder Coatings Market Segmentation
By Resin Type
-Eopxy
-Acrylic
-Polyurethane
-Polyester
-Polyvinyl Chloride
-Others (Epoxy Polyster Hybrid, Fluropolymer, etc.)
By Method of Coating
-Electrostatic Spray Deposition (ESD)
-Fluidized bed
-Others (Flame Spray, Electrostatic bed fluidized process, etc.)
By Application
-Architectural
-Furniture
-Automotive
-General Industrial (Electrical Power Generation, Machinery, Packaging, etc.)
-Appliances (Consumer Electronics, Home Appliances, etc.)
-Others
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
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Major Key Players in Powder Coatings Market research report:
-PPG Industries Inc.
-Akzo Nobel N.V.
-Axalta Coating System
-Sherwin-Williams Company
-Jotun Group
-RPM International Inc.
-Arkema S.A.
-Nippon Paint Holdings
-IGP Powder Coatings
-3M
-Tiger Coatings GmbH & Co.KG
-Kansai Nerolac Paints Ltd.
-A & I Coatings
-Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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